| RBI Guv cautions banks against excessive lending to infra sector |
 In view of the rising bad assets, RBI Governor Raghuram Rajan today cautioned the banking sector against excessive lending to the infrastructure sector. Addressing the 80th anniversary celebrations of RBI, Mr. Rajan said that infrastructure loans should not override the overall financial stability, which is key to national security. Rajan rather expressed the need for developing new sources of risk capital to finance the country’s infrastructure needs with moderate amount of debt. The non-performing assets - NPAs of banks stood at over Rs 3 lakh crore as on December 2014. |
The Straits Times @ STcom 5m 5 minutes ago Swedish government rejects UN criticism over Assange bit.ly/1L2rrOY 0 retweets 0 likes Reply Retweet Like More Leave a comment Edit Foreign Exchange Management,the Possession and Retention of Foreign Currency Regulations, 2015 February 5, 2016 RESERVE BANK OF INDIA Mumbai – 400 001 RBI/2015-16/312 February 04, 2016 A.P. (DIR Series) Circular No.47/2015-16 [(1)/11(R)] To All Category – I Authorised Dealers and Authorised Banks Madam/ Sir Foreign Exchange Management (Possession and Retention of Foreign Currency) Regulations, 2015 Attention of Authorised Dealers (ADs) is invited to Foreign Exchange Management (Possession and Retention of Foreign Currency) Regulations, 2015 notified vide Notification No. FEMA. 11(R)/2015-RB dated December 29, 2015, c.f. G.S.R. No.1006 (E) dated December 29, 2015, which supersedes the Foreign Exchange Management (Possession and Retention of Foreign
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